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Need help with my writing homework on Trade with Countries That Have a Bad Human Rights Record. Write a 2500 word paper answering;
Need help with my writing homework on Trade with Countries That Have a Bad Human Rights Record. Write a 2500 word paper answering; The United Nations (UN) describes the Global Compact as “a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment and anti-corruption” (www.unglobalcompact.org accessed 26 May 2009). The UN Global Compact is voluntary and the underlying objective is stated to be the introduction of social responsibility into international business and the code embodies ten core principles (www.unglobalcompact.org accessed 26 May 2009).
In essence, the UN Global Compact is a voluntary corporate citizenship network geared towards the mainstreaming business activity ethics worldwide and preservation of UN human rights’ objectives (Macintosh et al, 2004 at p.11). However, the Global Compact does not impose sanctions or implement an enforcement framework and is not a regulatory instrument. Indeed, Macintosh et al highlight the fact that “the Global Compact relies on public accountability, transparency and the enlightened self-interest of companies…. To initiate and share substantive action in pursuing the principles” (Macintosh et al, 2004 p.11).
In the absence of any regulatory code, Slaughter further refers to the UN’s assertion of information sharing requirements and the chief architect of the Global Compact’s declaration that “the core of its change model is a learning forum. Companies submit case studies of what they have done to translate their commitment to the GC principles into concrete corporate practices” (In Slaughter, 2004 at p.11) As such, there is an assumption that information sharing and self-regulation will fuel a dynamic process towards human rights compliance (Slaughter, 2004, p11).